Date: May 4th, 2026 11:32 AM
Author: godcow
https://www.zerohedge.com/technology/gamestop-ceo-prepares-takeover-ebay
Sorkin asked Cohen about "how does the math work for you? Given the price tag $56 billion, given the market cap of GameStop which is a fraction of that. I know you have this $20 billion dollar financing letter from TD but sort of walk us through how you could get to that price and how it would work."
Sorkin responded to Cohen's answer with disbelief, noting that he had not provided the basic math for how the deal would work. Cohen pointed to a press release that stated the deal is "half cash, half stock."
Sorkin pressed Cohen on the basic math, yet Cohen still couldn't provide a straight answer.
Sorkin emphasized, "I hear you. You understand that. And just trying to understand where the rest of the money would come from."
Cohen responded by repeating what he had said before: "Half cash, half stock."
Sorkin: "I'm just saying that math doesn't get to the price of your offering. So that is a pretty straightforward question. I don't get it. Where is the rest of the money coming from?"
Cohen: "Andrew, I laid it out clearly. I don't understand your question. We're offering half cash, half stock and we have the ability to issue stock in order to get the deal done. But the full details... that's on our website."
(http://www.autoadmit.com/thread.php?thread_id=5863504&forum_id=2/#49863824)